Question: Use the information from BE9 19 except thatJulip Corporation is a

Use the information from BE9-19 except thatJulip Corporation is a private enterprise that applies ASPE. Prepare Julip’s 2014 entries to record all transactions and events related to its significant influence investment in Krov Corporation assuming
(a) Krov’s shares are traded in an active market, Julip applies the FV-NI approach, the fair value ofJulips share of Krov Corp. at December 31,2014, is $1,020 and
(b) Julip applies the cost method to account for its investment in Krov.

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